What Is the Expected Value with Perfect Information in the Following

question 86

Multiple Choice

What is the expected value with perfect information in the following decision table? States of Nature
$$\begin{array} { | c | c | c | } \hline \text { Alternatives } & \mathrm { S } _ { 1 } & \mathrm {~S} _ { 2 } \\\hline \mathrm { p } & .6 & .4 \\\hline \text { Option } 1 & 200 & 300 \\\hline \text { Option } 2 & 50 & 350 \\\hline\end{array}$$

• A) 50
• B) 200
• C) 260
• D) 300
• E) 350

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